Harbor Capital Advisors Inc. Purchases 14,039 Shares of Par Pacific Holdings, Inc. (NYSE:PARR)

Harbor Capital Advisors Inc. raised its holdings in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) by 2.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 515,379 shares of the company's stock after buying an additional 14,039 shares during the quarter. Harbor Capital Advisors Inc. owned 0.95% of Par Pacific worth $7,349,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its stake in shares of Par Pacific by 821.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock worth $28,000 after acquiring an additional 1,528 shares during the last quarter. US Bancorp DE boosted its holdings in Par Pacific by 55.7% in the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock valued at $30,000 after purchasing an additional 652 shares during the period. Quadrant Capital Group LLC grew its position in Par Pacific by 123.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after purchasing an additional 1,784 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Par Pacific by 4,804.2% during the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after purchasing an additional 7,975 shares during the period. Finally, Gotham Asset Management LLC bought a new position in shares of Par Pacific during the 4th quarter worth about $183,000. 92.15% of the stock is owned by institutional investors.

Par Pacific Price Performance

NYSE:PARR traded up $0.57 during trading hours on Friday, reaching $24.54. The company had a trading volume of 1,389,980 shares, compared to its average volume of 1,161,624. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average of $17.84 and a two-hundred day moving average of $16.49. Par Pacific Holdings, Inc. has a one year low of $11.86 and a one year high of $27.45. The firm has a market capitalization of $1.27 billion, a PE ratio of 4.76 and a beta of 1.68.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.54). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.49 billion. Par Pacific had a net margin of 3.74% and a return on equity of 10.06%. The business's revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. Analysts forecast that Par Pacific Holdings, Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on PARR. UBS Group decreased their target price on Par Pacific from $20.00 to $14.75 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen lowered Par Pacific from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Piper Sandler boosted their price objective on Par Pacific from $21.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. The Goldman Sachs Group cut Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 target price for the company. in a research report on Wednesday, May 28th. Finally, TD Cowen decreased their price target on shares of Par Pacific from $21.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $21.25.

Par Pacific Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.